Home ยป Trump was found guilty in a civil fraud case: he faces a cosmic fine

Trump was found guilty in a civil fraud case: he faces a cosmic fine

by alex

Trump was ordered to pay a colossal fine/Collage 24 Channel

On February 16, New York State Judge Arthur Engoron made a decision against Donald Trump. He found the former US President guilty in a case involving real estate fraud.

According to available information, Donald Trump was sentenced to pay a fine of $355 million. The judge also imposed restrictions on business activities in the United States.

What is known about the court decision in regarding Trump

The judge noted that Donald Trump's business empire, the Trump Organization inflated the value of its real estate. This allowed she receives more favorable loans from the bank.

Donald Trump was charged with 7 charges by the New York State Attorney's Office. Among them are fraud, forgery of documents, as well as drawing up false financial reports.

In court, not only was a fine imposed, but banned Donald Trump from holding any leadership position in the state of New York for three years. Moreover, this also applies to his own company. The same restriction applies to his sons, but for a period of up to two years. Note that Eric, one of them, is now the executive director of the Trump Organization.

That's not all. Engoron also ordered a three-year extension of the term of office of the Trump Organization's independent monitor. His task is to monitor the company's compliance with New York State laws.

The New York Times writes that, taking into account interest, the amount of the fine that Donald Trump must pay , will reach more than $400 million. At the same time, it is assumed that the former US President will appeal the relevant decision within 30 days.

What is known about the investigation< /h2>

People started talking about him for the first time in 2019. This happened after The New York Times published an investigation into Donald Trump's tax filing fraud.

< p>It indicates that the business of the former US President did not declare its profits. As a result, he did not pay taxes to the budget of New York, where he was registered.

New York State Attorney General Letitia James in September 2022 filed a civil suit. It concerned the case of real estate fraud on the part of Donald Trump.

Please note that another trial of Donald Trump may begin at the end of March in New York. It concerns the case of payments to porn actors to influence the results of the 2016 elections.

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